Private equity deals

Insight Venture Partners has agreed to acquire Quest Software Inc. (Nasdaq: QSFT), an Aliso Viejo, Calif.-based provider of IT management solutions. The deal is valued at approximately $2 billion, or $23 per share in cash (19% premium to last Thursday’s closing price).  Insight will provide $210 million in equity, CEO Vinny Smith will roll over his shares and there will be nearly $1.2 billion in debt financing from J.P. Morgan Chase Bank, RBC Capital Markets and Barclays Capital. Morgan Stanley managed the process.

Albertville Quality Foods, a portfolio company of H.I.G. Capital, has acquired Sunrise Foods LLC, an Albertville, Ala.-based processor of protein-based products. No financial terms were disclosed, except that Sunrise generates more than $100 million in annual revenue.

Fortress Investment Group has entered into exclusive talks to purchase mortgage lender Residential Capital from Ally Financial, according to Reuters. Other reported suitors have included Cerberus Capital Management and Centerbridge Partners.

HD Supply has agreed to sell its Industrial PVF business to steep distributor Shale-Inland Holding, a portfolio company of TowerBrook Capital Partners and The Stephens Group. The deal is reported to be valued at around $500 million. HD Supply is owned by Bain Capital Partners, The Carlyle Group and Clayton Dubilier & Rice.

Iceland Foods, a British supermarket chain, has been acquired by CEO Malcolm Walker and a group of investors that includes DFS Furniture founder Graham Kirkham, South African private equity firm Brait SE and Dubai-based retailer Landmark Group Ltd. The deal was valued at £1.45 billion. Sellers were Iceland’s Landsbanki Islands and Glitnir Bank.

PlattForm Holdings Inc., an Olathe, Kansas-based provider of Internet marketing and enrollment solutions to the post-secondary education industry, has acquired “numerous website properties” from Guider Media, a Swedish online inquiry generation company. No financial terms were disclosed. PlattForm is part of Ad Venture Interactive, a portfolio company of Arlington Capital

WL Ross & Co. and Ranieri Real Estate Partners have completed the acquisition of Deutsche Bank Berkshire Mortgage (to be renamed Berkeley Point Capital), the second-largest originator of Fannie Mae loans and servicer of a $29 billion multi-family loan portfolio.

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